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Listed by Atlantic One Realty Group LLC
$ 3,955,000
Est. payment | /mo
4 Baths
2,902 SqFt
$ 3,955,000
Est. payment | /mo
4 Baths
2,902 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,902 sqft
Price per Sqft $1,362
Subdivision Antique Experience
MLS Listing ID RX-11140139
Year Built 1935
Annual Tax Amount $39,721
Tax Year 2024
Lot Size 3,049 Sqft
Property Sub-Type Mixed Use
Property Description
Incredible restaurant-anchored mixed-use property located at 504 E Atlantic Avenue in Delray Beach, Florida. This investment property allows an investor to secure a free-standing building with built-in upside, including three units in the center of Downtown Delray Beach. This asset boasts a restaurant use on the ground floor below at a market rent, providing future upside. Moreover, the second floor currently operates as two office spaces that are leased at below-market rents as well. This property sits in a strong location at the intersection of Federal Highway and Atlantic Avenue. The property is being sold stabilized with value-add opportunities surrounding the second floor and through future repositioning of the restaurant with a higher rental structure and the ability to
Location
State FL
County Palm Beach
Area 4230
Zoning CBD(ci
Interior
Heating Central
Cooling Central
Flooring Other
Fireplaces Type Smoke Alarm, Smoke Detector
Exterior
Utilities Available Cable, Gas Natural, Municipal Water, Public Sewer, Separate Meter
Roof Type Other
Building
Story 100.00
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Learn More About LPT Realty
Ana Piriz
Agent | License ID: 276553097